# IndiaFirst Life's proposed stake sale to BNP Paribas Cardif is delayed.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- IndiaFirst Life's stake sale to BNP Paribas Cardif is delayed due to Union Bank's exit.
- Union Bank contributed 25% of IndiaFirst's new business in FY2025 before ending the tie-up.
- The distribution agreement with Union Bank expired March 31 and renewal discussions are ongoing.
- IndiaFirst is seeking to diversify beyond bank-led distribution to reduce concentration risks.

**Companies:** BNP Paribas, Union Bank of India, Bank of Baroda, IndiaFirst Life, Star Union Dai-ichi Life Insurance
**Countries:** India, France

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/indiafirst-deal-with-bnp-cardif-hits-a-ubi-pact-hurdle/articleshow/130099558.cms)

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